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Please show work. Question 3. (6 pts) If Jonathan instead wants to deposit a small amount d to the Husky Bank Inc. each period of
Please show work.
Question 3. (6 pts) If Jonathan instead wants to deposit a small amount d to the Husky Bank Inc. each period of compounding and still wants to get $100,000 after 5 years, how much should d be, if the annual interest rate is 3%, and the interest is calculated (a) annually? (b) monthly? Question 3. (6 pts) If Jonathan instead wants to deposit a small amount d to the Husky Bank Inc. each period of compounding and still wants to get $100,000 after 5 years, how much should d be, if the annual interest rate is 3%, and the interest is calculated (a) annually? (b) monthlyStep by Step Solution
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